China's Zhipu AI climbs to 2-week high on first-half revenue growth

Z.AI

01/09/2026 04:17

** Shares of large language model developer Zhipu AI 2513.HK climb 5.7% to HK$1,263, their highest since August 17 and rising for a second straight session 
** Beijing-based AI startup reports first-half revenue of 953.9 million yuan ($141.96 million), a five-fold jump from a year earlier, as it sought to turn demand for its AI models into sales while rolling out lower-cost products and expanding use of domestic chips
** Co posts net loss of 2 billion yuan for the six months ended June 30, compared with 2.4 billion yuan loss a year earlier
** Since debut on January 8, stock up 945.6% from the offer price of HK$116.20 per share
** YTD, the Hang Seng TECH Index .HSTECH down 16.9%
      

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))